How to calculate the balance of the employee's personal account

The balance of an employee's personal account refers to the amount accumulated in the employee's personal account for social insurance and provident fund, and its calculation varies according to different types of accounts and regional policies.

I. Calculation of social insurance personal account balance

Social insurance personal account mainly includes pension insurance and medical insurance. Among them, the calculation of the balance of the individual account for pension insurance is usually based on the amount of individual contributions, the number of years of contributions, and the interest rate of bookkeeping. Specifically, a certain percentage of the employee's annual contribution to the pension insurance will be transferred to the personal account, and these funds will also accrue interest at a certain interest rate, thus accumulating the balance of the personal account.

The calculation of the balance of the individual account for medical insurance is based on the individual contributions and part of the unit contributions. These funds are used to pay for employees' medical expenses, including outpatient and hospitalization costs. The exact calculation of the balance of the individual account for medical insurance varies according to regional policies.

2. Calculating the balance of an individual CPF account

The calculation of the balance of an individual CPF account is relatively simple, and is usually based on the amount of monthly CPF contributions made by the employee and the organization, as well as the number of years of contributions. The full amount of the employee's monthly CPF contribution will be credited to the individual account, and as the number of years of contribution increases, the individual account balance will grow accordingly. In addition, the CPF account balance will also accrue interest at a certain rate, which will increase the account balance.

When calculating the balance of an employee's personal account, it is also necessary to pay attention to some special circumstances. For example, when an employee transfers his/her social security or provident fund relationship, the original account balance will be transferred to the new account; an employee can withdraw his/her personal account balance when he/she retires or leaves his/her job, and so on.

In summary:

The calculation of the balance of an employee's personal account involves a number of factors, including the amount of contributions, the number of years of contributions, the interest rate of bookkeeping, and regional policies. There are also differences in the way different types of accounts, such as social insurance and provident fund, are calculated. Therefore, to accurately calculate the balance of an employee's personal account, it is necessary to consider these factors and follow the relevant policies and regulations.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 12 stipulates:

Employers shall pay the basic pension insurance premiums in accordance with the ratio of the total wages of the employees of the organization as stipulated by the State, which shall be credited to the Basic Pension Insurance Co-ordination Fund. Employees shall pay basic pension insurance premiums in proportion to their own wages as prescribed by the State, which shall be credited to their individual accounts.

Article 16 of the Regulations on the Administration of Housing Provident Funds

Article 16 stipulates:

The monthly contribution to an employee's housing fund shall be the employee's own average monthly salary for the previous year multiplied by the proportion of the employee's contribution to the housing fund. The monthly contribution to the housing provident fund by the unit for the employee is the average monthly salary of the employee in the previous year multiplied by the ratio of the unit's contribution to the housing provident fund.